Something Missed.... The MEME is that "The market forecasts the recovery 6-8 months in advance"
So... on average the normal Recession is 12-16 months long. That is half way through. Let us also mention that the market doesn't predict the top by 12-16 months, in fact it tends to Lag.
BUT!!! My point is there is another MEME, which is that the Market Bottoms HALF WAY THROUGH THE RECESSION, that the Trough in the market is then.
Financial history doesn't repeat itself, but it often rhymes. You can't be stupid enough to trade off anything I say.... I'm lucky they let me out of the straight-jacket long enough to trade.
J. P. Morgan
Friday, April 3, 2009
Not talked about
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